Options require consideration to be valid
Indicate whether the statement is true or false
True
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The argument for measuring held-to-maturity debt securities at amortized cost and ignoring most changes in fair value during the contractual term of the debt is/are
a. changes in fair value are not relevant if the firm has the intention and ability to hold the securities to maturity. b. firms would recognize impairment losses because of conservatism. c. firms would recognize impairment losses because of impairments due to changes in default risk that reflect changes in the amount the investor is likely to receive. d. all of the above e. none of the above
A key part of developing a personal brand for your career is to use a personal nickname such as "Mercedes," "Google," or "Chiquita."
Indicate whether the statement is true or false.
In the context of operations management, effectiveness means finding ways to give customers more for their money while still making a profit.
Answer the following statement true (T) or false (F)
You own an annuity due contract that will pay you $3,000 per year for 12 years
You need money to pay back a loan in 5 years, and you are afraid if you get the annuity payments annually you will spend the money and not be able to pay back your loan. You decide to sell your annuity for a lump sum of cash to be paid to you five years from today. If the interest rate is 8%, what is the equivalent value of your 12-year annuity if paid in one lump sum five years from today? A) $22,008 B) $18,000 C) $38,880 D) $35,876